The Sweden international has been outstanding for the Carabao Cup winners this season and is attracting interest from across Europe.
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Talks over a new deal have been put off until the summer, though inside Newcastle they're insisting Isak won't be sold.
However, RMC says PSG hope to convince Newcastle to sell by making a cash-plus-player proposal for the centre-forward.
Goncalo Ramos, Randal Kolo Muani and Marco Asensio are all available from PSG, with Newcastle slapping a £150m price-tag on Isak this season.